ancient, antiquated code where honor, courage, character, integrity, duty, it was obvious that's how john lived his life. the truth is, john's code was ageless. is ageless. when you talked earlier, you talked about values. it wasn't about politics with john. he could disagree on substance, but the underlying values that touched everything john did, everything he was. he could come to a different conclusion, but he would part company with you if you lacked the basic values of decency, respe respect.

knowing that this project is bigger than yourself. john's story is the american story. that's not hyperbole. it's the american story. grounded in respect and decency, basic fairness. the intolerance for the abuse of power. many of you have traveled the world. look at how the rest of the world looks at us. they look at us a little naive. we're so fair, so decent. we're the naive americans but that's who we are. that's who john was. he could not stand the abuse of power. wherever he saw it, in whatever form, in whatever country.

it's always about basic values, fairness, honesty, dignity, respect, giving hate no safe harbor, leaving no one behind and understanding that as americans, we're part of something much bigger than ourselves. with john, it was a value set that was neither selfish, nor self-serving. john understood that america was first and foremost an idea. audacious and risky. organized around not tribe, but around ideals. think of how he approached every issue. the ideals that americans have rallied around for over 200 years, the ideals the world has repaired to. an idea enshrined in the

constitution. sounds corny. we hold these truths self-evident that all men are created equal, endowed by their creator with certain inalienable rights. to john, those words had mean g meaning. as they have for every great patriot that has ever served this country. we both loved the senate. proudest years of my life were being a united states senator. i was honored to be vice president, but being a united states senator. we both lamented watching it change. during long debates in the '80s and '90s, as some of the colleagues around then would know, i would always go over and sit next to john, next to his seat, or he would come over on the democratic side and sit next to me. i'm not joking.

we would sit there and talk to each other. i can remember the day when i came out to see john, we reminisced about it. it was in '96 and we were about to adjourn for what we call the caucuses. there's a luncheon once a week that all the democratic senators have lunch together and all the republican senators. and we both went into our caucus and coincidentally, we were approached by our caucus leaders with the same thing, it was raised as discussion. joe, it doesn't look good you sitting next to john all the time. swear to god. same thing was said to john in your caucus. that's when things began to change for the worse in america, in the senate. that's when it changed. what happened was in those times, it was always appropriate

to challenge another senator's judgment. never appropriate to challenge their motive. when you challenged their motive, it's impossible to get to go. if i say you're doing this because you are being paid off, if i say you're doing this because you're not a good christian, if i say you're doing this because you're this, that or the other thing, it's impossible to reach consensus. think about it in your personal lives. all we do today is attack the opposition in both parties, their motives, not the substance of their argument. this is the mid '90s. it began to go downhill from there. the last day john was on the

senate floor, look what he was fighting to do. he was fighting to restore what we call regular order, to start to treat one another again like we used to. senate was never perfect, john. you know that. we were there a long time together. but i watched teddy kennedy and james eastman fight like hell on civil rights, then go have lunch together in the senate dining room. john wanted to see quote, regular order writ large, get to know one another. you know, john and i were both amused and i think lindsey was at one of these events where john and i received two prestigious awards the last year i was vice president, and then one immediately after, for our

dignity and respect we showed to one another. we received an award for civility in public life. there's a college, allegheny county, puts out this prestigious award every year for bipartisanship. john and i looked at each other and said what in the hell's going on here? no, not a joke. i said to senator flake, that's how it's supposed to be. you're getting an award? i'm serious. think about this. getting an award for your civility. getting an award for bipartisanship. classic john, the one at allegheny college, hundreds of people there, got the award and john, the senate was in session, so he spoke first, and as he walked off the stage and i walked on, he looked at me and said joe, don't take it personal, but i just don't want

to hear what the hell you had to say, and left. one of john's major campaign people is now with the senate with the governor of ohio, was on this morning. i happened to watch it. he said that biden and mccain had this strange relationship. they always seemed to have each other's back. whenever i was in trouble, john was the first guy there. i hope i was there for him. and we never hesitate to give each other advice. he would call me in the middle of the campaign and say what the hell did you say that for? it was not an issue. you just screwed up, joe. i occasionally would call him. look, i've been thinking this week about why john's death has

hit the country so hard. yes, he was a long-serving senator with a remarkable record. yes, he was a two-time presidential candidate who captured the support and imagination of the american people. and yes, john was a war hero and demonstrated extraordinary courage. i think of john and i must say, my son, when i think of ingersoll's word, when the world defies fear, when duty throws the gauntlet down to fate, when honor scorns to compromise with death, that is heroism. everybody knows that about john. but i don't think it fully explains why the country has been so taken by john's passing. i think it's something more intangible. i think it's because they knew john believed so deeply and so

passionately in the soul of ameri america. he made it easier for them to have confidence and faith in america. his faith in the core values of this nation made them somehow feel it more genuinely themselves. his conviction that we as a country would never walk away from the sacrifices generations of americans have made to defend liberty and freedom and human dignity around the world. it made average americans proud of themselves and their country. his belief, and it was deep, that americans can do anything, withstand anything, achieve anythi

anything, was both unflagging and ultimately reassuring, and this man believed that so strongly. his capacity that we truly are the world's last best hope, that we are a beacon to the world, that there are principles and ideals greater than ourselves and worth suffering, sacrificing for and if necessary, dying for. americans saw how he lived his life that way, and they knew the truth of what he was saying. i just think he gave americans confiden confidence. john was a hero. his character, courage, honor, integrity. i think the thing that is understated is his optimism. that's what made john special. made john a giant among all of us.

but in my view, john didn't believe that america's future and fate rested on heroes. we used to talk about what i liked most about him, he understood what i hope we all remember. heroes didn't build this country. ordinary people being given half a chance are capable of doing extraordinary things. extraordinary things. john knew ordinary americans understood that each of us has a duty to defend the integrity, dignity and birthright of every chi child. that communities are built by thousands of small acts of de n decency that americans show each other every single day. that very deep in the dna of this nation's soul lies a flame that was lit over 200 years ago and each of us carries with us,

and each of us has the capacity and responsibility and we can screw up the courage to ensure it's not extinguished. it's a thousand little things that make us different. bottom line, i think john believed in us. i think he believed in the american people, not just all the preambles. he believed in the american people, all 325 million of us. even though john is no longer with us, he left us pretty clear instructions. quote, believe always in the promise and greatness of america, because nothing is inevitable here. close to the last thing john said to the whole nation, as he knew he was about to depart, that's what he wanted america to

understand. not to build his legacy. he wanted america reminded, to underst understand. i think john's legacy is going to continue to inspire and challenge generations of leaders as they step forward, and john mccain's impact on america is not over. that's not hyperbole. it's not over. i don't think it's even close. cindy, john owed so much of what he was to you. you were his ballast. whenever i was with you both, i could just see how he looked at you. jill's the one when we were in hawaii, when he first met you there, he kept staring at you. jill finally said go up and talk to her. doug and annie, sidney, meghan, jack, jimmy, bridget, you may not have had your father as long as you would have liked, but you

got from him everything you need to pursue your own dreams, to follow the course of your own spir spirit. you are a living legacy, not hyperbole, you are a living legacy and proof of john mccain's success. now john's going to take his rightful place in a long line of extraordinary leaders in this nation's history who, in their time and in their way, stood for freedom and stood for liberty, and have made the american story the most improbable and the most hopeful and the most enduring story on earth. i know john said he hoped he played a small part in that story. john, you did much more than that, my friend.

to paraphrase shakespeare, we shall not see his like again. [ applause ] >> the second reading is from 2 timothy 4:6-8. for i'm already being poured out like a drink offering and the time for my departure is near. i have fought the good fight. i have finished the race. i have kept the faith. now there is in store for me the crown of righteousness which the lord, the righteous judge, will award to me on that day and not only to me, but also to all who have longed for his appearing.

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>> jesus at the final meal he shared with his friends, charged them, remember me. remember me in the breaking of the bread. bread has to be broken to be shar shared. we are celebrating today the life of a man who unselfishly was broken that we might be one again. john mccain, our brother, jesus' broth brother. to remember, to bring together john mccain, i invite you, share

the words of henry scott holland. laugh as we always laughed at jokes we enjoyed together. play, smile, think of me, pray for me. let my name be ever that household word that it always was. let it be spoken without affect, without a trace of shadow on it. we pray. lord god, may john mccain's vision be in our eyes, his voice in our words, and our tongue. his listening to the needs of others, in our ears.

his love for his country, in our hearts. bless you, john mccain. in the name of the father, the son and the holy spirit. ♪

♪ ♪ ♪

♪ ♪ >> as we come to a close, i would like to read some words that were beautifully written by his daughter meghan. my father is gone and i miss him as only an adoring daughter can, but in this loss, and in this

sorrow, i take comfort in this. john mccain, hero of the republic to his little girl wakes today to something more glorious than anything on this earth. today, the warrior enters his true and eternal life, greeted by those who have gone before him. and she writes rising to meet the author of all things. we will grieve, we will mourn, but i want you to think about her words. in this very moment, senator john mccain is in heaven with god the father and gejesus, the son. no more cancer. no more pain.

no more sickness. no more burdens of this world. in fact, his biggest concern is probably what channel do i have to find in heaven in order to watch larry play on sunday. all joking aside, he's a free man and is more alive than he's ever been. here's the hope in what senator mccain believed. in romans 3:23, for all who have fallen short of the glory of god. he knew romans 6:23, that the wages of sin was death but the gift of god was eternal life through his son jesus christ. the hope that we have is the good news that senator john mccain believed this passage from john 3:16. that for god so loved the world

that he gave his only begotten son, that who believes in him shall not perish, but have eternal life. when we grieve and when we mourn, understand that he has eternal life and is with the father in heaven because of his faith in jesus christ. that is something to find comfort in. that is the reason why meghan can write these words so beautifully. let us pray together. as we leave from this place, we ask you to give comfort to cindy and the family and as vice president joe biden said, there will be days that the freshness of this loss hits them hard,

father, and in those moments, lord, when they find themselves by themselves mourning this deep pain and sorrow, will you comfort them, god. will you give them the strength they need to walk every single day. and god, as we mourn, as the scripture says, we mourn differently with those who have hope because senator mccain believed you sent your only son to walk this earth and live a sinless life, to die on the cross for our sins, for the things that we deserved. he believed that jesus christ was put in the tomb and he rose again and defeated death. that is the reason to celebrate and that is the reason for us to have comfort. it's in jesus' name we pray, amen. i want to thank you all again on behalf of the mccain family for being here and supporting them. at this moment, we will ask you to stay seated until the entire

family has exited the building. you have been watching live coverage on the fox business network as the state of arizona says its final good-byes to senator john mccain. celebration of his life as a warrior, maverick senator, husband and father will now move to washington as it continues throughout the week. welcome back to our regular programming. i'm connell mcshane filling in for trish regan on "the intelligence report." the funeral taking place in the north phoenix baptist church, this ceremony is just, as you see, wrapping up now. in attendance, about 1,000 people in the pews. you heard and saw the former vice president of the united states, joe biden, delivering an emotional eulogy. his friend john mccain of four decades. my name is joe biden, i'm a democrat and i love john mccain. that's how he began it. one of many speakers. as i said, this now moves to the nation's capitol tomorrow where the senator's body will lie in state. we will continue to cover the

tributes and remembrance of john mccain throughout the week. you may have noticed as you were watching our coverage, if you were paying attention to financial markets, that we have another story breaking. we will go to that right now. the dow jones industrial average on wall street hitting session lows. a report came out while we were covering the mccain ceremony that president trump has told some aides that he wants to move ahead with plans to hit the chinese with $200 billion worth of tariffs. when that report hit, as this intraday chart of the dow shows, the dow basically fell off a cliff. went from break even to down 150 points. we follow trade news all the time here. on top of that, you have top trade officials both in the u.s. and canada saying they are optimistic the two countries can work out a deal ahead of a deadline they put in place for tomorrow. meanwhile, justin trudeau on a conference call with his premieres right now, giving them an update on a possible trade deal. all these cross-currents are in

the market as we watch. i want to bring in edward lawrence, who has been covering all of this in washington right now, bring everybody up to speed. edward? reporter: yeah, first i want to come in on the china tariff situation. the president cannot impose tariffs until after september 1st -- or september 5th, i'm sorry. the administration is waiting for a report from u.s. trade representative's office related to that public hearing they had, so after september 5th is when he can put that in place. that is the justification for adding those $200 billion but as you heard, the president according to bloomberg, telling aides he possibly could impose that next week on that day, probably september 5th, is the first day he could do that. as far as nafta goes, the canadians, there's a positive vibe going on here right now. the meeting this afternoon lasted about an hour with the canadian trade representative. the canadian minister of foreign affairs says there are some items that their negotiators need to look at. she's going back to the embassy

for that. also, to brief prime minister justin trudeau. right now she's on a conference call with him and the premier's in canada at the moment to tell him exactly where they are as far as nafta stands. there is a good spirit of compromise in the room. >> i would say this is a very, very intense set of conversations and i continue to feel that there is a lot of good will on all sides. reporter: that's good will on both sides to make a deal by friday. that's the deadline that's been given. jared kushner joined the talks today as he did towards the end when the mexican delegation made an agreement with the u.s. the president may be getting what he wants also out of the european union. the european union signaling a bit of a comprommise, saying

they are willing to go to zero tariffs on automobiles if the u.s. matches that zero tariffs on automobiles. it's something the president has wanted and said he would accept. however, they are saying, european commission, is saying only on automobiles, nothing else. a senior diplomatic official for the united states says the president says it has to cover more than auto sectors so he says no deal on just zero tariffs on just automobiles. it has to cover agriculture as well as medical devices and other fields. at an impasse with the european union but maybe some movement if they are willing to come down on tariffs as we saw on autos. connell: lots to unpack there. well done. we will continue to try our best to work through this now. dennis gartman is here. thanks for coming on. let's start on the china part of

this, which was what we saw in the markets over the last half an hour or so. there's the intraday chart of the dow. coming back a little bit. we were down 150, we're down 135, but the idea putting this $200 billion in place by next week, that the president really wants to stay tough on the chinese. your impression of that? >> i think it's one of the silliest ideas i have ever heard of. i thought we had moved away from the idea of trade protection and trade tariffs. i think it is -- i think it is absolutely utterly wrong that he's going through with this. to put this back on the table when you're in the midst of discussions with canada about moving ahead with nafta makes no sense whatsoever. let's hope it is simply an ill-advised and trial balloon. connell: lindsey, i will get to you in one second but let's get to the why on that from your perspective, dennis. i'm sure the administration would argue this is all part of a larger plan, we want to do something with mexico, with canada, with europe and then still be as tough as we possibly

can on china. why is it not a good idea? what's the why? >> tariffs are never a good idea. trade protection is never a good idea. my wife tells me never to say never, but in this instance i will use the term never. it is far better to push ahead with diplomacy, far better to push ahead with trying to resolve these circumstances. yes, we know the chinese do untoward things when it comes to trade. yes, we know they steal our ideas on a rather consistent basis, but that people are going to be punished by this, they are american farmers and we will create very few jobs out of it. so trade tariffs and trade protection are always a bad idea. connell: lindsey, your take? >> well, i certainly agree that any time you talk about restricting the free flow of capital, labor, goods, services, it will result in a long-term loss of productive capacity for the u.s. absolutely, we could be talking about job losses, income losses and of course, price increases, which producers are going to try and pass on to the u.s. consumer.

no doubt there will be some pain felt, depending on the depth and duration of this ongoing dispute with china. but looking at the market's reaction, i think it's very important that we do focus on the main issue here. yes, we have taken steps to move this bilateral agreement to a trilateral agreement with canada. there's progress being made, but the main focus is on u.s./china relations, which still remain very uncertain and which are going to continue to really drive the optimism in the market. nafta absolutely priced in, that we might see a deal later this year, most likely, a 2019 event. it really comes down to how we negotiate and the end game with u.s./china relations. connell: i guess the question becomes, i had this question a lot over the last few weeks, really months, is that if we all agree that china is a bad actor in all of this, forget about canada and mexico and everybody else for just a second. we all agree, you are both nodding, that china is a bad actor in all of this and tariffs are not the answer, what is?

dennis? >> well, i suspect more negotiation, more diplomacy. i know most people on the far right seem to think that that's ill-advised and won't happen wouldn't work. but to me, i think it was winston churchill who said it is far better to judge all than to make war, war. to put in place more trade tariffs is tantamount to trade war. i wish we would back away from that. connell: dennis is right, that would be the answer, well, we tried that for years and it hasn't worked so have to try something else. what do you say? >> i think the trump administration is struggling with that. we know we are losing billions of dollars in terms of intellectual property theft and we do need to put protections in place to protect producers from counterfeit of goods, but it will be painful to get to that end goal. so this becomes a voter issue. are voters willing to deal with that short-term pain in order to

level the playing field in the longer term. that's a question the trump administration is struggling with as negotiations and diplomacy really haven't led to much improvement in trade relations over the past decade. connell: we get to this number, this came first from a bloomberg report, we get to this number, there's been a lot of argument back and forth are we in a trade war. this is a trade war, right? this is what it looks like? >> well, that's what it looks like. right now it's trade skirmishes but my fear is we tend to fall down these slippery slopes and it's very difficult to retrace your position. therein lies the problem. i have watched this happen far too many times. i have gone back and looked at the history of the depression and saw what we did there. every time i have seen us talk about fair trade, it always becomes trade protection. i just fear we will slide down that slope again. let us hope we don't. connell: of course. >> you have to remember, we are not coming from a baseline of free trade. we are in a situation of managed

trade. we have tariffs on hundreds of goods. we are simply expanding on the current policies that are already in place. we do have to keep that in mind. again, we aren't coming from a zero tariff standpoint, even on the u.s. side. connell: even though we heard that term thrown around today. that was different. that had to do with european cars. what do you make, real quick, of the way the president has handled that part of it? apparently he wants a broader deal with the europeans than just zero tariffs on autos. you think he's handled that part, canada, mexico and europe, better than china or no? >> he's continuing to apply the pressure. he's said time and time again if everyone wants to play fairly and lower tariffs to zero, the u.s. is absolutely willing to put their money where their mouth is and go to zero as well. but we aren't going to play this game of lowering tariffs on one particular item. he's saying we need a broad-based agreement on the exchanges of goods and services, not just autos alone. i do think he's keeping the pressure and will potentially get results. connell: we have to work a

little break in here. the dow is now down 113. it's come off the lows. thanks. good to see both of you. appreciate you both coming on. the lows were hit there a few minutes ago on the news the president maybe wants to move ahead to impose tariffs, $200 billion worth of chinese goods. certainly a big number, right? he may be willing to move ahead with that as early as next week. that's when we saw the sell-off. now, little bit of a comeback. we'll be right back and continue to follow it. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. you'll only pay $4.95. ♪ as moms, we send our kids out into the world, full of hope.

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president may be willing to move forward with $200 billion -- or tariffs on $200 billion worth of goods on china in the next week. i have a statement i want to put on the screen because it incorporates china and we will talk about it. we must also stand together with our regional allies, you say, to ensure competitors like china do not reap the rewards of unfair anti-market trade practices. so our previous two guests were concerned about financial markets and the economy. do you have a different point of view? do you support the president's initiative here, presuming this report is true? >> look, i think we always have to worry about the financial markets and the economy overall, and most importantly, from our organization's perspective, the impact on manufacturing workers. you cited our relief with the canadian manufacturers. there was also a release by the business roundtable, josh bolton, their ceo, as well as their counterpart in canada, i

believe it's the canadian business council. we are saying the same thing, that we need to have a trilateral agreement because there is such a massive influx of goods between our countries, the operations have some efficiency issues that need to be looked at, so integration and efficiency issues. that's why we need to have an agreement for all three parties. having said that, going back to canada, pardon me, to china, by showing the world that we can come up with nafta 2.0, it sends a message to china that we mean business in the united states. so from that standpoint, we are very excited that we could have a trilateral agreement that could send a message to china that we're not going to allow them to continue to cheat and get away with unfair practice. connell: does it give us leverage? >> i think it does. i think it gives us leverage around the world. we have already seen the commissioner of trade from the european union come in today and say look, we are willing to wipe

out tariffs on autos if the u.s. is. that was something the president asked for. looks like he got that. i'm hopeful that our progress on nafta will give us some leverage with china. it should. connell: it seems to be playing out in these situations, stories with different types of groups, sometimes you talk to farmers you get one answer, sometimes you talk to people in the steel business, you get another answer. there seem to be winners and losers in all of this. as we get tougher and tougher on china, isn't there a period of time where the losers will start to add up and the pain will start to add up? what do you say to those people? >> well, that's been our message all along. we don't think tariffs are good, ever, and having said that, for manufacturers in the united states, we are very pleased with the progress we have made on tax reform, on regulatory reform. that has given us a lot of running room in terms of resources for investment and jobs and wage growth. tariffs could start to peel that back and we want to make sure

that we protect those gains that we have made. connell: you think we're close to that point? >> you know, i can't say that for sure. i will say this. we made it very clear that tariffs add to the cost of goods here in the united states. it harms our ability to spend money on investment and jobs, and that's been the goal of the administration. the administration has to balance that. those are all factors they are taking into account. they are trying a new type of negotiating tactic. seems to have worked when it comes to nafta. i was really pleased to see the ten-year agreement for intellectual property protections for biologics. that's something we weren't able to get in the trans pacific partnership. connell: wasn't getting a lot of attention. i hate that we are tight for time today, so i will wrap it up there. i appreciate your perspective. thanks for your time. we'll be right back. thank you. how many kids? my two. his three. along with two dogs and jake, our new parrot. that is quite the family.

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connell: all right. if you look at the markets, remember, we have been up a lot. we're on the verge here of snapping what was a four-day winning streak, possibly. session lows for the dow after the report came out from bloomberg news that president trump maybe wants to impose tariffs on $200 billion worth of chinese goods as early as next week. we will do a couple things here. blake burman has been doing his own reporting, his own digging on the bloomberg headlines and will tell you from the white

house when he came up with. first to gerri willis at the new york stock exchange. no doubt the market did move lower when we saw the headlines. reporter: the headline came out at about 2:15. immediately we saw a drop down by about 150 points. we are now down 131 on the dow. you can see it has improved somewhat. let me tell you about the laggards on this news. caterpillar down 1.7%, nike down 1.5%, dow dupont down 1.3%, ibm down 1.3%. even walgreen down 1%. what's getting hit really hard if you are a china investor, alibaba shares down 2%. china etfs, i will name the one that's most commonly held in this country, fxi, it's an i shares china large cap, down 3%. we are continuing to watch what's going on but i have to tell you, anybody who touches china, a little wobbly this afternoon. traders trying to understand this news. back to you. connell: we are all trying to. thank you. let's go to blake. he joins us now from the white

house. they said those are the led lines. that's what moved the market. what are you finding out? confirmation of the bloomberg report? reporter: we have been making calls on this in the last 10, 15 minutes, getting a bit of mixed signals on this is probably the best way to put it. so the public comment period ends september 5th, next wednesday, in the bloomberg story which seems to suggest the president could slap the $200 billion worth of tariffs on china either on september 5th or the immediate hours or days after that. here's what we can tell you from the phone calls that we have made. is it a possibility that the president does that? yes. it is certainly possible. is it definite that president trump will do that on september 5th or in the immediate hours or da days? that's kind of where the open-ended question, at least the mixed signals we are getting, are coming in. one thing to keep in mind, it is a ways away between now and september 5th. what is it, seven days, a week's

time which here at the white house, it could be a month's or a year's time. but another thing to keep in mind as well, everyone that you talk to, just set aside this story for a second, everyone here at the white house we have talked to over time as it relates to trade and tariffs with the president and his thinking will tell you or how this white house operates, it is not the treasury secretary steve mnuchin or the commerce secretary ross, or trade representative robert lighthizer. it is president trump and president trump alone who makes the major trade decisions. i would submit to you as we see the body of evidence here over the last handful of months, the president does tend to lean more toward tariffs than backing off against it, but as it relates to this specific report, we are getting -- it's possible, but as far as we can tell, not necessarily a 100% -- i hope

that helps. i'm not sure it did. you know what i'm getting at. connell: i think the larger point is you don't know until you know. the only one who really knows is the president. blake will come back i'm sure next hour with more on this. we will take a quick break. i get it all the time. "have you lost weight?" of course i have- ever since i started renting from national. because national lets me lose the wait at the counter... ...and choose any car in the aisle. and i don't wait when i return, thanks to drop & go.

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connell: hour to go in the trading session. we're hovering on the lows aren't the dow. the report about 25% tariffs on

20 aboutdollars worth of chinese food. make berman saying well, we're not 100% sure of that. final hour. the big one, especially today with the big warren buffett for liz claman. all yours, liz. liz: he talks about trade wars. he talks about tariff. in this hour a one-on-one, wait until you hear, where he says he is feeling the pain from tariffs. we've got this breaking news. connell was letting you know exactly what is going on. stocks you can see, either taking a nosedive or completely erasing gains, reversing in the last hour on reports that president trump told aides he will move ahead with the planned tariffs on $200 billion worth of chinese goods as soon as next week. the intradays really tell the best picture here. the dow dropping 169 points at session lows. right now we're barely off that. down about 158. you can see the s&p down 15.